RESOURCES ROUND UP CONFERENCE SYDNEY 10 MAY 2018 Trangie Johnston Managing Director Broken Hill Prospecting (ASX: BPL) Booth #45
Disclaimer Disclaimer This presentation contains forward-looking statements that involve subjective judgement and analysis and accordingly, are subject to significant uncertainties and risks, many of which are outside the control of, and are unknown to, Broken Hill Prospecting Ltd ( BPL ). In such circumstances, the forward-looking statements can be identified by the use of forward-looking words such as may, will, expect, intend, seek, estimate, believe, continue or other similar words. No representation, warranty or assurance is given or made in relation to any forward-looking statement by BPL or it s representatives, In addition, no representation, warranty or assurance is given in relation to any underlying assumption or that any forward-looking statements will be achieved. Actual future events may vary materially from the forwardlooking statements and the assumptions on which the forward-looking statements are based. Accordingly, presentation readers are cautioned not to place undue reliance on such forward-looking statements as a result of the uncertainties. In particular, BPL wishes to caution readers that these forward-looking statements are based on economic predictions and assumptions on reserves, mining method, production rates, metal prices and costs (both capital and operating) developed by BPL management in conjunction with consultants. Competent Person Statement The information in this presentation that relates to exploration results, Mineral Resources and Exploration Targets is based on information compiled by Mr Anthony Johnston, BSc (Hons), who is a Member of the Australian Institute of Mining and Metallurgy and isa full time employee of the Company. Mr Johnston has sufficient experience which isrelevant to the style of mineralisation and type of deposits under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 & 2012 Edition of the Australasian Code for Reporting of Exploration Resul t s, Mineral Resources and Ore Reserves. Mr Johnston consents to the inclusion in the announcement of the matters based on his information in the form and context that the information appears. BPL confirms it is not aware of any new information or data that materially affects the information included in the original market announcement, and, in the case of estimates of Mineral Resources, that all material assumptions and technical parameters underpinning the estimates in the relevant market announcements continue to apply and have not materially changed. BPL confirms that the form and context in which the Competent Person s findings presented have not been materially modified from the original market announcement. This presentation and the forward-looking statements made in this presentation, speak only as of the date of the presentation. Accordingly, subject to any continuing obligations under the Corporations Act and the Australian Securities Exchange Listing Rules, BPL disclaims any obligation or undertaking to publicly update or revise any of the forward-looking statements in this presentation, whether as a result of new information, or any change in events, conditions or circumstances on which any such statementsis based.
2018 Exciting year ahead Diversified Exploration & Development Company World Class Assets Thackaringa - Cobalt Broken Hill Projects Broken Hill Prospecting Limited ASX : BPL Ordinary Shares on Issue 147,773,401 Listed Options 46,689,388 Market Cap (undiluted at 12 cps) $17.7m Cash $2.5m Board of Directors & Management Creagh O Connor AM Non Executive Chairman Trangie Johnston Managing Director & CEO Geoff Hill Matt Hill Denis Geldard Heath Roberts Business Development Ian Morgan Company Secretary Murray Basin - HMS Asset Monetisation
Thackaringa Cobalt Project Thackaringa Cobalt Project JV with Cobalt Blue (ASX:COB). BPL have 49% beneficial & 100% legal interest 2017 Scoping Study completed robust project demonstrated Major increase in resource delivered in March 2018: 72Mt @ 852ppm Co (61,500t Co) PFS expected by June 2018 major Company rerate First class infrastructure, pro-mining local community and supportive Government Thackaringa JV provides significant upside exposure for BPL $10.9M earn-in by COB underway $7.5M cash to BPL on development 2% net smelter return royalty to BPL Retention of base & precious metals (lead, zinc, copper, silver and gold) by BPL
Thackaringa Base/ Precious Metals BPL retains all lead, zinc, copper, silver and gold mineralisation Numerous high quality, underexplored base and precious metals prospects Geophysics, Mapping and Sampling programs late 2017 highlights anomalous base and precious metals up to 7.5% copper and 5.9% lead with high zinc, silver and gold 2018 field program to aggressively advance these 100% BPL prospects for Broken Hill style deposits.
World Class Broken Hill Region Strategic expansion focused on base, precious and industrial minerals Numerous high quality, underexplored prospects, with excellent base metal potential Focus on new cobalt targets including commercial grade copper intersections in drilling directly along strike from the Broken Hill line of lode 2018 field program to aggressively advance these 100% BPL prospects
World Class Murray Basin New HMS business model successfully applied to the Murray Basin over the past 3 years Focus on high-grade, low-tonnage, shallow deposits with high value mineral assemblage Innovative development via low capex/low opex mobile, modular mining technology BPL has developed extensive IP with leading edge Industry groups Potential to develop and operate multiple operations across a broader project area High quality infrastructure work force and transportation networks Largest tenement portfolio after extensive data compilation and prospectivity analysis
BPL - largest tenement portfolio $100m exploration expenditure compiled Entire Murray Basin Data Compilation 60,000 drill holes 2 million meters drilling Basement geology & geophysics Prospectivity analysis completed
Asset Monetisation Cobalt Blue (COB) Spin-Off (Feb 2017) delivered $8.1M to BPL shareholders via in-specie distribution. Now valued at +$50M for those who retained COB equity. Divestment of non-core, low priority mineral sands assets for $3.1M cash injection to BPL (July 2017) The continued, increasing value add achieved in the last 18months demonstrates the BPL teams strong corporate skills, which augment the technical talent within the group. Rare opportunity for investors with exposure to key growth commodities within world class province.
2018 Exciting year ahead Diversified Exploration & Development Company World Class Assets Thackaringa - Cobalt Broken Hill Projects Broken Hill Prospecting Limited ASX : BPL Ordinary Shares on Issue 147,773,401 Listed Options 46,689,388 Market Cap (undiluted at 12 cps) $17.7m Cash $2.5m Board of Directors & Management Creagh O Connor AM Non Executive Chairman Trangie Johnston Managing Director & CEO Geoff Hill Matt Hill Denis Geldard Heath Roberts Business Development Ian Morgan Company Secretary Murray Basin - HMS Asset Monetisation